Minneapolis has record-breaking year in construction projects

The City of Minneapolis set a new record for construction building permits in 2013. At year end, the total number of building permits issued in 2013 was 12,100 with the valuation of $1.211 billion. This was the second year in a row that the City had more than $1 billion in construction approved since 2000.

The construction boom continues to be fueled primarily by rapid growth in rental housing. A total of 3,552 dwelling units (single family homes, new rental apartments and apartment conversions, and new condominiums) were issued permits in 2013. This is an increase of 249 units from 2012 and 2,936 units from 2011.

Number of residential housing units permitted in Minneapolis from 2008-2013